Alfa Corporation Subsidiary Named to Ward's Top Fifty for Eleventh Consecutive Year.MONTGOMERY, Ala. -- Alfa Life Insurance Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Alfa Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALFA), has been named to the 2006 Ward's 50 Top Performing Life / Health Insurance Companies. This marks the eleventh consecutive year Alfa Life Insurance Corporation has received this prestigious recognition. Annually, Ward Group analyzes the financial performance of over 900 life-health insurance companies domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 1. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and identifies the top-performing companies. "The insurance industry today faces tremendous challenges, including market pressures, expense management, technology, rising claim costs, compliance, legislation and more," stated Jeff Rieder, President of Ward Group. "Top-performing companies take these challenges in stride Adv. 1. in stride - without losing equilibrium; "she took all his criticism in stride" in good spirits . The best companies often do things differently in order to set themselves apart from the competition. In particular, these companies maintain efficient operating models Operating Model is a term that is used in many contexts. In essence an operating model describes how an organization operates across both business and technology domains. The Operating Model describes what is important for the organization. , meet the needs of customers and successfully execute their strategy." Commenting on the recognition, Alfa Chairman, President and Chief Executive Officer, Jerry A. Newby, said, "We are honored once again to be included among this elite group of top-performing companies. We are extremely proud that Alfa continues to be a leader in our industry. We believe this recognition is the direct result of our commitment to excellence in all areas of our business." Alfa Corporation is engaged in insurance and financial activities through its subsidiaries. The common stock of Alfa Corporation is traded on NASDAQ Stock Market's Global Select Market under the symbol ALFA. For more information on the Company, visit: www.alfains.com. Investors are cautioned that statements in this press release which relate to the future are, by their nature, uncertain and dependent upon numerous contingencies - including political, economic, regulatory, climatic, competitive, legal, and technological - any of which could cause actual results and events to differ materially from those indicated in such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Additional information regarding these and other risk factors and uncertainties may be found in Alfa Corporation's filings with the Securities and Exchange Commission. |
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